Nisa Investment Advisors LLC Sells 4,410 Shares of United Rentals, Inc. (NYSE:URI)

Nisa Investment Advisors LLC decreased its position in shares of United Rentals, Inc. (NYSE:URI) by 10.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 37,291 shares of the construction company’s stock after selling 4,410 shares during the period. Nisa Investment Advisors LLC’s holdings in United Rentals were worth $4,191,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Whittier Trust Co. boosted its position in shares of United Rentals by 7.2% in the first quarter. Whittier Trust Co. now owns 894 shares of the construction company’s stock worth $112,000 after buying an additional 60 shares in the last quarter. State of Alaska Department of Revenue bought a new position in shares of United Rentals during the first quarter worth approximately $127,000. Contravisory Investment Management Inc. boosted its position in shares of United Rentals by 48.5% in the first quarter. Contravisory Investment Management Inc. now owns 1,295 shares of the construction company’s stock worth $162,000 after buying an additional 423 shares in the last quarter. Dubuque Bank & Trust Co. boosted its position in United Rentals by 181.6% in the first quarter. Dubuque Bank & Trust Co. now owns 1,557 shares of the construction company’s stock valued at $195,000 after buying an additional 1,004 shares during the period. Finally, Pennsylvania Trust Co acquired a new position in United Rentals during the first quarter valued at approximately $200,000. Institutional investors own 96.20% of the company’s stock.

Shares of United Rentals, Inc. (NYSE:URI) traded up 0.04% during midday trading on Friday, hitting $111.86. The stock had a trading volume of 1,411,868 shares. The stock has a market cap of $9.46 billion, a PE ratio of 16.25 and a beta of 2.43. The stock has a 50-day moving average of $115.82 and a 200 day moving average of $116.99. United Rentals, Inc. has a 52 week low of $70.58 and a 52 week high of $134.28.

United Rentals (NYSE:URI) last released its quarterly earnings data on Wednesday, July 19th. The construction company reported $2.37 earnings per share for the quarter, beating analysts’ consensus estimates of $2.28 by $0.09. United Rentals had a net margin of 9.86% and a return on equity of 46.01%. The firm had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.55 billion. During the same period last year, the firm earned $2.06 earnings per share. The business’s quarterly revenue was up 12.4% compared to the same quarter last year. Analysts anticipate that United Rentals, Inc. will post $9.91 EPS for the current fiscal year.

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Several research firms recently commented on URI. ValuEngine upgraded United Rentals from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 2nd. UBS AG reissued a “neutral” rating and issued a $121.00 price objective on shares of United Rentals in a report on Sunday, April 23rd. Citigroup Inc. boosted their price objective on United Rentals from $130.00 to $142.00 and gave the company a “buy” rating in a report on Friday, July 21st. Jefferies Group LLC reissued a “buy” rating on shares of United Rentals in a report on Friday. Finally, Piper Jaffray Companies reissued an “overweight” rating and issued a $144.00 price objective (down from $156.00) on shares of United Rentals in a report on Saturday, April 22nd. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $124.68.

In other United Rentals news, insider Michael Kneeland sold 30,000 shares of the firm’s stock in a transaction on Friday, July 21st. The shares were sold at an average price of $120.77, for a total value of $3,623,100.00. Following the transaction, the insider now directly owns 302,292 shares of the company’s stock, valued at $36,507,804.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.20% of the stock is currently owned by company insiders.

United Rentals Company Profile

United Rentals, Inc is a holding company. The Company is an equipment rental company, which operates throughout the United States and Canada. It operates through two segments: general rentals, and trench, power and pump. The general rentals segment includes the rental of construction, aerial, industrial and homeowner equipment and related services and activities.

Institutional Ownership by Quarter for United Rentals (NYSE:URI)

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